9:57 am, June 18, 2013
BCA has revealed it plans to sell one million units per annum ‘in no more than three years’.
The remarketing company told Car Dealer it aims to reach the magic one million mark through improving its Ready-to-Retail programme.
BCA already sells 600,000 vehicles in the UK through its auction rooms and services, and a further 200,000 in Europe.
BCA suggests the reported growth in new car retail sales means the markets are picking up from the effects of the recession seen between 2008 and 2010.
To help boost online and physical sales further, BCA plans to introduce Ready-to-Retail auctions, including Smart Repair and valet services.
After a buyer purchases a vehicle from an action, it could currently take between 20-25 days for the vehicle to appear on their website. BCA aims to cut the retail cycle by selling cars which are ready to go straight on the market.
BCA’s UK managing director Spencer Lock said: ‘Technically speaking, due to the depreciation rate of vehicles and today’s financial climate, this delay could have a large impact on a dealer’s sale and their stock.
‘BCA can shorten this cycle with the new Ready-to-Retail services. This could ultimately help raise the average dealer’s stockturn by around 100 units a year, meaning they will need to buy more volume in the wholesale market and encouraging more vendors to bring their stock to BCA. ’
